- 11 U.S.C.
In re Meadows
Jun
26
2012
Ruling
Chapter 12 case ordered converted or dismissed as gross receipts from sale of cattle could not be treated as gross income from farming operations.
Procedural posture
A bank, among other creditors, objected to confirmation of the debtors' chapter 12 plan of reorganization on the grounds that the debtors were ineligible to file under chapter 12 pursuant to 11 U.S.C.S. § 109(f) because they did not meet the statutory definition of "family farmer" in 11 U.S.C.S. § 101(18)(A), as they did not meet the income requirements and were not engaged in a farming operation.
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Court
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